Most people do not realize the high rate of inflation on drug expenses in a health and dental plan. On average, they are between 13 to 15% every year. This high inflation rate is the very reason why the provincial budget allocated to medical expenses keeps increasing. Likewise, the provincial government makes cuts to other areas to support the increasing medical expenses. Left unchecked in a company, drug expenses can quickly account for large increases in employee benefit expenses. Huge companies like Telus, can see the increase quite easily and can react to make plan changes accordingly. A single employee [More …]